HFCL, Polycab India among 7 companies that are Goldman Sachs’ AI enablers. See full list
Goldman Sachs has identified seven Indian companies as AI enablers, citing their role in supporting power, data centre and semiconductor infrastructure amid rising demand from the global AI build-out.
Concurrent Gainers: 10 smallcap stocks that gain for 5 days in a row
Ten BSE SmallCap stocks, led by Moneyboxx Finance with a 47% gain, rose in each of the five trading sessions through September 18 despite broader market weakness.
Explained: When should mutual fund investors use CAGR, XIRR or IRR to calculate returns?
CAGR, XIRR and IRR are commonly used to measure mutual fund returns, but each serves a different purpose. While CAGR is suited to lumpsum investments, XIRR helps calculate returns from irregular cash flows such as SIPs. IRR can be used to assess returns from investments involving multiple cash flows over time.
BoJ has room to accelerate rate hikes as inflation pressures build: Report
Japan is witnessing a surge in underlying inflation, driven by escalating producer prices and wage growth. While government subsidies are currently easing the consumer burden from rising energy costs, inflation expectations continue to climb, indicating a potential wage-price spiral. Analysts predict that the Bank of Japan could implement a twenty-five basis points rate increase in […]
IIFL Finance and GMDC among top 5 smallcap stocks that saw highest mutual fund selling in August
Five smallcap stocks, including Himadri Speciality, GMDC and IIFL Finance, saw the highest net selling by mutual funds in August, according to Motilal Oswal Financial Services.
Warren Buffett’s culture, values he championed will stay and his son will be the guardian, says CEO Greg Abel
Warren Buffett has stepped down as Berkshire Hathaway chairman after more than 60 years, handing the role to his son Howard Buffett while Greg Abel continues as CEO. Abel said Buffett’s culture and values will remain central to the $1.1 trillion conglomerate as it moves into its next chapter.
Dollar advances vs yen as BOJ dissent clouds rate-hike outlook
Following the Bank of Japan’s decision to increase interest rates, the dollar saw a rise against the yen. Some policymakers expressed skepticism regarding further hikes, while Japanese officials monitored exchange rates, hinting at possible intervention. Additionally, the US Federal Reserve’s assertive approach contributed to the dollar’s strength, with energy prices and Fed communications attracting significant […]
Two-year yield hits highest since 2024 as investors weigh outlook for rate hikes
On Friday, US Treasury yields experienced an upward movement as investors expressed concerns regarding inflation. The Federal Reserve’s recent increases in interest rates and indications of more hikes in the future contribute to this shift. With traders predicting additional adjustments in upcoming meetings, there is a growing focus on global central banks tightening their monetary […]
Europe’s STOXX600 falls as autos, telecoms lead broad sell-off
European stocks took a downturn on Friday, primarily influenced by the disappointing outlook from Volkswagen and considerations surrounding Airtel Africa’s IPO. This trend notably affected auto and telecom sectors. Despite oil prices stabilizing, energy shares were down on the week, alongside increased caution from central banks amid inflation worries. Meanwhile, healthcare and insurance sectors managed […]
ETMarkets Smart Talk | Don’t chase growth at any valuation; rising US yields can pressure P/E multiples: Manish Kumar
Midcap and smallcap stocks are hitting record highs, but rising valuations and higher US Treasury yields could challenge the rally. ICICI Prudential Life Insurance CIO Manish Kumar discusses earnings visibility, domestic liquidity, FII selling, IPO supply and valuation discipline, while explaining why investors should avoid chasing growth at any price.